Sprint Backtesting

Sprint Corporation -- USA Stock  

USD 8.52  0.49  6.10%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Sprint Corporation and determine expected loss or profit from investing in Sprint over given investment horizon. Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance
Investment Horizon     30 Days    Login   to change
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Backtest

Sprint 'What if' Analysis

August 26, 2017
 0.00 
No Change 0.00  0.0%
In 30 days
September 25, 2017
 0.00 
If you would invest  0.00  in Sprint on August 26, 2017 and sell it all today you would earn a total of 0.00 from holding Sprint Corporation or generate 0.0% return on investment in Sprint over 30 days. Sprint is related to or competes with UTStarcom Holdings, ATT, Verizon Communications, CenturyLink, and Frontier Communications. Virgin Islands. Sprint Corporation operates in two segments, Wireless and Wireline

Sprint Upside/Downside Indicators

  

Sprint Market Premium Indicators

Sprint lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Sprint regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Sprint Backtested Returns

We consider Sprint relatively volatile. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.066 which indicates Sprint had 0.066% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Sprint Corporation which you can use to evaluate future volatility of the company. Please validate Sprint Semi Deviation of 1.22, Coefficient Of Variation of 1607.66 and Risk Adjusted Performance of 0.032 to confirm if risk estimate we provide are consistent with the epected return of 0.1663%. Sprint has performance score of 4 on a scale of 0 to 100. The entity has beta of -0.1854 which indicates as returns on market increase, returns on owning Sprint are expected to decrease at a much smaller rate. During bear market, Sprint is likely to outperform the market.. Although it is extremely important to respect Sprint current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Sprint technical indicators you can presently evaluate if the expected return of 0.1663% will be sustainable into the future. Sprint right now has a risk of 2.5209%. Please validate Sprint Information Ratio and Downside Variance to decide if Sprint will be following its existing price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.81) 

Excellent reverse predictability

Sprint Corporation has excellent reverse predictability. Overlapping area represents the amount of predictability between Sprint time series from August 26, 2017 to September 10, 2017 and September 10, 2017 to September 25, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprint price movement. The serial correlation of -0.81 indicates that around 81.0% of current Sprint price fluctuation can be explain by its past prices. Given that Sprint Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Sprint for similar time interval.
Correlation Coefficient -0.81
Spearman Rank Test -0.62
Price Variance 0.07
Lagged Price Variance 0.05

Sprint Lagged Returns

 Regressed Prices 
      Timeline 

Sprint Performance vs DOW

The median price of Sprint for the period between Sat, Aug 26, 2017 and Mon, Sep 25, 2017 is 8.18 with a coefficient of variation of 3.35. The daily time series for the period is distributed with a sample standard deviation of 0.27, arithmetic mean of 8.08, and mean deviation of 0.23. The Stock did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline